Summary Measures and Graphs

Description of Proposed Provision:
Beginning in 2022, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2022. Provide proportional benefit credit for additional earnings taxed, based on the payroll tax rate applied to the additional earnings divided by the full 12.4 percent payroll tax rate.

Estimates based on the intermediate assumptions
of the 2014 Trustees Report